OREANDA-NEWS. UralmashSpecStal, a part of OMZ (Uralmash-Izhora Group) (RTS: OMZZ; LSE: OMZD; OTC: UHMVY), announced today that it has concluded a contract to supply working and back up rolls for hot and cold rolling mills to Magnitogorsk Metallurgical Plant (MMK).

According to the press service of OMZ, the rolls will be used to equip all MMK sheet rolling mills. The contract provides for rolls with high (3%-5%) chromium content. The high chromium content contributes high levels of durability. UralmashSpecStal expects to supply rolls valued at more than RUR226 million (or US$8.6 million) during 2007.

UralmashSpecStal is a traditional supplier of rolls to MMK having been the source for 20%-45% of rolls of varying type installed at MMK rolling mills.